contingent deferred sales charge

Contingent deferred sales charge (CDSC)

Contingent Deferred Sales Charge

The formal name for the load in a back-end load fund. A CDSC is the feepaid when a shareholdersellsshares in a mutual fund within a certain number of years. That is, when an investor initially buys a share in a back-end load fund, he/she agrees to pay a third party, usually a financial institution or broker, a certain percentage of the share's value if he/she decides to sell it within five to 10 years, depending on the specific nature of the agreement. The CDSC usually declines by the year until the maximum number of years is reached. See also: B-share.

contingent deferred sales charge

A mutual fund redemption fee that is reduced or eliminated for specified holding periods. For example, a fund might charge a 6% redemption fee for a holding period of less than one year, a 5% fee for a holding period of one to two years, and so forth. Mutual funds with a contingent deferred sales charge also generally levy an annual 12b-1 fee.

The Commission is also pushing through a temporary measure to withhold (or 'backload') 900 million credits from the market and has launched a proposal for structural reform of the EU ETS that would deal with the problem of oversupply in a more permanent way (EC, 2012; 2013).

Loan principal reductions are inefficient at addressing cash flow issues, because they backload payment reductions, but they are effective at addressing the risk of strategic defaults in the later period (though not the initial period) that lenders face.

There is no mechanism for parties to stipulate deadlines for courts, nor could many courts accommodate requests for timeliness given the existing docket backload. (65) Before final judgment, courts can issue preliminary injuctions, but they are averse to doing so.

The European Parliament's Committee on the Environment (ENVI), voted for the second time, on 19 June, for the European Commission's proposal to backload 900 million CO2 allowances, could adopt the proposal with a "clear" majority, as announced, the fay before, by Corien Wortmann-Kool (Netherlands), EPP vice-president, and Richard Seeber (Austria), ENVI coordinator for the EPP.

The European Parliament's Committee on the Environment (ENVI), which voted for the second time and with large majority, on 19 June, for the European Commission's proposal to backload 900 million CO2 allowances, could adopt the proposal with a "clear" majority, said Corien Wortmann-Kool (Netherlands), EPP vice-president, and Richard Seeber (Austria), ENVI coordinator for the EPP.

In particular, the prosecution's practice of disclosing to the defense significant and substantial amounts of material at or close to disclosure deadlines at both the confirmation and trial stages, coupled with an overbroad and cumbersome redaction regime, results in defense teams having to backload and amend their strategic planning and ongoing investigations in the months, weeks, and even days prior to the commencement of the confirmation hearing or trial proceedings.

The European Parliament's Committee on the Environment (ENVI), which will vote for the second time, on 19 June, for or against the European Commission's proposal to backload 900 million CO2 allowances, could adopt the proposal with a "clear" majority, said Corien Wortmann-Kool (Netherlands), EPP vice-president, and Richard Seeber (Austria), ENVI coordinator for the EPP.

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